16 Jul 2010
ERJ staff report (DS)
Milan -- In an Extraordinary General Meeting, shareholders in Pirelli & C. SpA have agreed to split off the real estate subsidiary Pirelli RE, cancel relevant shares and make adjustments to share capital accordingly.
The move is seen as a re-focussing of management time and effort, as well as financial resources, on the tyre business.
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Press release from Pirelli
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